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Amazon Reports Loss, With Soft Sales and Profit Projections

October 25, 2012
By Michael Cader

Amazon reported third quarter sales of $13.81 billion, up 27 percent from a year ago, but below analysts expectations. As forecast, they had a loss for the quarter, registering an operation loss of $28 million and a net loss of $274 million. $169 million of that loss was due to impairment charges against the unsuccessful LivingSocial investment. Guidance for the coming holiday quarter predicts a wide-ranging performance of anywhere between a loss of $490 million and profit of $310 million, and sales are forecast to grow between 16 percent and 31 percent. While those figures were lower than analysts had […]

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Filed Under: Booksellers, Earnings Reports

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